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causes of the unemployment upturn in 1973-1983 and the subsequent decline in 1993-2006. Our results show that (i) the main … determinants of the unemployment rise in the 1970s and early 1980s were wage-push factors, the two oil price shocks and the … increase in interest rates, and (ii) the acceleration in capital accumulation was the crucial driving force of unemployment in …
Persistent link: https://www.econbiz.de/10003799513
evidence of large heterogeneities among demographic groups. Interestingly, unemployment rates in levels across demographic … groups are not necessarily aligned with the sensitivity of these demographic groups’ (un)employment and participation rates …
Persistent link: https://www.econbiz.de/10011991880
the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …
Persistent link: https://www.econbiz.de/10011962116
, sector division, unemployment and welfare. …
Persistent link: https://www.econbiz.de/10012142242
Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …
Persistent link: https://www.econbiz.de/10011446155
This paper builds up a simple New Keynesian model and revisits the relationship between unemployment and in ation in … beyond the tradeoff between the first moments of unemployment and infl ation provided by the short-run Phillips curve. Higher … volatility in ifln ation raises unemployment at low-frequency. Increased volatility in infl ation makes nominal wages more …
Persistent link: https://www.econbiz.de/10012429726
, greater average firm productivity, a larger formal employment share, and a marginally lower unemployment rate. …
Persistent link: https://www.econbiz.de/10014496287
Persistent link: https://www.econbiz.de/10011995425
opportunities, here expressed as the unemployment rate differential for each single territory with respect to its surroundings …
Persistent link: https://www.econbiz.de/10012306744
firms are more cyclically sensitive to unemployment. Besides, the VAR impulse response analysis suggests that workers move …
Persistent link: https://www.econbiz.de/10011927684